female worker holding and repairing bicycle wheel while standing in bicycle workshop.

Business Savings Accounts

Maximize your savings for the short-term or the long haul

A good savings account is a must-have for your business. Whether you're saving for a purchase or tax purposes, or you're building up reserves over a longer period of time, we provide options. Open multiple accounts depending on your company's savings goals. You can manage your money, pay bills and set up account alerts through Online Banking and our mobile app.

Business Savings Account

This straight-forward account lets you build your savings steadily.

  • $100 minimum deposit
  • Keep an average daily balance above $100 to avoid a $5 quarterly service charge
  • Up to 18 withdrawals per quarter; $2 service charge per withdrawal over the limit

Business Money Market

If you maintain a larger balance, you'll benefit from higher dividends while maintaining anytime access to your money.

  • $1,000 minimum deposit
  • Receive tiered monthly interest rates on balances over $10,000
  • First 50 checks free
  • Keep an average daily balance of $1,000+ to avoid a $15 monthly service charge
  • Maximum 18 withdrawals per quarter; $2 service charge per withdrawal over limit

Certificates of Deposit

Put idle money to work for your business. You can invest excess cash in a CD and maximize your returns over a specific period of time.

  • Choose from various terms based on your timeline and goals
  • Get guaranteed returns with fixed interest rates
  • Minimum $500 to open
  • No monthly service charge
  • Track your CD's growth through Business Online Banking
  • Easily arrange for CDs to roll over or funds to be deposited in other Midstates Business Bank accounts.

Midstates Bank is a full-service financial institution with branches throughout western Iowa.

Total money management with business checking.

Keep track of your business finances in real-time, with convenient access to online banking and monthly e-statements that give quick visibility into transactions, payments and deposits.